BITO Forecast + Trading Strategies


Bullish Case: Increased institutional interest following ETF approvals can drive BITO prices higher, supported by a strong volatility structure indicating potential market recovery. High historical return probabilities suggest a positive sentiment for investors.


Bearish Case: Ongoing regulatory scrutiny and market volatility may depress BITO prices. Current high implied volatility suggests increased uncertainty, with historical likelihoods indicating potential for significant downtrends.


Potential Outcomes:

1. Spot bitcoin ETF approvals (70% chance) could boost BITO.

2. Market volatility spikes (60% chance) leading to short-term downturns.

3. Institutional fund rotations away from BITO (50% chance) affecting demand.


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July 25, 2024


ProShares Bitcoin Strategy Forecast

BITO      ProShares Bitcoin Strategy











Correlated Assets

Assets that tend to move strongly with BITO



BYRN Forecast + Options Trading Strategies   BYRN  Byrna (0.94)


WM Forecast + Options Trading Strategies   WM  Waste Management (0.94)


COIN Forecast + Options Trading Strategies   COIN  Coinbase (0.94)


GWW Forecast + Options Trading Strategies   GWW  W.W. Grainger (0.94)


NU Forecast + Options Trading Strategies   NU  Nu Holdings (0.93)



Uncorrelated Assets

Assets with little price relationship to BITO



CWCO Forecast + Options Trading Strategies   CWCO  Consolidated Water (-0.0)


TLH Forecast + Options Trading Strategies   TLH  BlackRock Institutional Trust Company N.A. - iShares 10-20 Year Treasury Bond (0.0)


SAFE Forecast + Options Trading Strategies   SAFE  Safehold (0.01)


UCO Forecast + Options Trading Strategies   UCO  ProShares Ultra Bloomberg Crude Oil (-0.01)


BRZE Forecast + Options Trading Strategies   BRZE  Braze (0.01)



Anticorrelated Assets

Assets that tend to move strongly against BITO



AEHR Forecast + Options Trading Strategies   AEHR  Aehr Test Systems (-0.88)


CHTR Forecast + Options Trading Strategies   CHTR  Charter Communications (-0.88)


AGL Forecast + Options Trading Strategies   AGL  Agilon Health (-0.89)


WW Forecast + Options Trading Strategies   WW  WW International (-0.89)


EXTR Forecast + Options Trading Strategies   EXTR  Extreme Networks (-0.89)





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